New MetLife Spinoff Ready for Low Rates

by Alistair Gray of the Financial Times

New MetLife spinoff CEO says, “we can put up with it forever” with regards to low interest rates. Really? Forever is a long time.

MetLife, the largest U.S. insurer based on assets, is spinning its domestic consumer business into Brighthouse Financial. Brighthouse is expected to begin with a market capitalisation of ~$7.9B and more than $220B in assets.

"The group has since successfully challenged US regulators in the courts over its designation, but nevertheless is going ahead with the spin-off, saying that there are other business reasons to pursue it."